The Report provides forecast and analysis of the global Potassium nitrate market. It provides market overview of global Potassium nitrate market in terms of revenue (in US$ Mn). Furthermore, the report includes drivers, restraints, trends and opportunity of the Potassium nitrate market and their impact on each country during the forecast period.
The Potassium nitrate, also known by various other names such as Saltpeter, Nitre, and Nitrate of Potash, is an inorganic chemical having the molecular formula KNO3 and molecular weight 101.102 g/mol. It is an odorless ionic salt which is soluble in water and available in the form of white to dirty gray crystalline solid.
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While Potassium nitrate is noncombustible, it can be used to accelerate the burning of combustible materials. It has a cooling, saline, and pungent taste. Its boiling point is 752-00b0F at 760 mm Hg or 400-00b0C when it decomposes and melting point is 633.2-00b0F or 337-00b0C. Potassium nitrate has density of 2.1 at 25-00b0C.
The Global Potassium Nitrate Market Analysis and Forecasts to 2018-25 can be segmented into type, application, end user, and region. Based on type, the market can be categorized into crystalline potassium nitrate and Prilled potassium nitrate. The former is used for application in agriculture using foliar sprays and fertigation method, while the latter is used for split soil applications and controlled release of nutrition during the growth season. Crystalline potassium nitrate is available in various purity grades. Selection of the grade is dependent upon its application.
Top Key Players:-
• Migao Corporation
• UralChem JSC
• Yara International ASA
• Sociedad Qu-00edmica y Minera de Chile S.A.
• Kemapco Arab Fertilizers & Chemicals Industries Ltd.
• M/S Seth Nandram Daulatram Biyani
• Ishita International, Nutrien Ltd.
• GFS Chemicals Inc.
• Wentong Group
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The Potassium nitrate market has witnessed expansion at significant growth rate during the last few years owing to its use as plant nutrition product in increasing the yield per area of agricultural land. The scarcity of water for agriculture has led to techniques such as drip and sprinkler irrigation to increase the efficiency of water use. Such techniques allow for fertigation, which involves the combined application of plant nutrition products such as Potassium nitrate along with water.
The report also includes competitive profiling of leading players, recent developments in the industry, financial analysis and various business strategies adopted by them. This report will help players in global Potassium nitrate market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.
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